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    520 W Gutierrez Street

    Santa Barbara, CA 93101
    • $2,695,000
    • STATUS: Active
    • ON SITE: 62 Days
    • ID#: V1-7970
    UPDATED: 58 min ago
    $2,695,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Well maintained and conveniently located large 10BD/6BA triplex investment opportunity for a new or seasoned investor. Offered at a 4.14% CAP rate on actuals with upside potential, 520 West Gutierrez features a great unit mix of (2) 3bd/2bath and (1) 4 bd/2ba fully furnished townhome style units with 6 off street parking spaces. Extensive ADU feasibility analysis recently performed by current ownership towards potential 400-500 SF 1 bedroom unit and provides a 'road map' for a new owner. Units have been tastefully updated and have great amenities including private patios, common laundry room, paid for utilities (including cable and TV), full furnishings and high walkability. With its short distance to beach and Harbor, Funk Zone, State Street Promenade and easy access to public transportation as well as the 101 freeway this a highly desirable location for either students or young professionals.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T09:24:47.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/120779462
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    520 W Gutierrez Street Santa Barbara, CA 93101

    • Price: $2,695,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: V1-7970
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1979
    Built
    Neighborhood:
    Santa Barbara: Other - 0080
    County:
    Santa Barbara
    Area:
    VC81 - Santa Barbara
    Property Description
    Well maintained and conveniently located large 10BD/6BA triplex investment opportunity for a new or seasoned investor. Offered at a 4.14% CAP rate on actuals with upside potential, 520 West Gutierrez features a great unit mix of (2) 3bd/2bath and (1) 4 bd/2ba fully furnished townhome style units with 6 off street parking spaces. Extensive ADU feasibility analysis recently performed by current ownership towards potential 400-500 SF 1 bedroom unit and provides a 'road map' for a new owner. Units have been tastefully updated and have great amenities including private patios, common laundry room, paid for utilities (including cable and TV), full furnishings and high walkability. With its short distance to beach and Harbor, Funk Zone, State Street Promenade and easy access to public transportation as well as the 101 freeway this a highly desirable location for either students or young professionals.
    Exterior Features

    Carport Spaces 2 Carport YN Yes Fencing None Lot Features Sprinklers None Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Features Detached CarportGarageUncovered Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Electric RangeGas Range Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes

    Property Features

    Cap Rate 4.14 Community Features Suburban Fuel Expense 0 Garage YN Yes Gross Income 177540 Gross Scheduled Income 177540 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 123698 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 63168 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0

    Listing provided courtesy of Nicholas Henry of Beachside Partners and Lori Zahn of Lori Zahn, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T09:24:47.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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